Giving back to your community is a wonderful way to contribute the world. But, it can also be a smart financial move by offering valuable tax benefits. By contributing to eligible charities, you can decrease your taxable income and acquire money on your tax bill. Many factors affect the amount of your tax savings, like the amount you donate, the t

Under Indian tax law, Section 80G grants deductible benefits to individuals who make charitable contributions to eligible organizations. These donations are reduced against your tax liability, effectively reducing the amount of tax you owe. The extent of the deduction depends on the type of organization and the nature of the gift. It's crucial to n